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Penalties possible for US firms keeping relief funds

Wednesday, May 20, 2020   (0 Comments)
Posted by: Amanda Averch
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Several US public companies that received Paycheck Protection Program loans have returned the money, but at least 30 are hanging on to the funds. These firms are warning shareholders that the companies might be audited and that unfavorable findings could lead to civil, criminal and administrative penalties.

Full Story: The Wall Street Journal (tiered subscription model) (5/19)  

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